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onwood Company manufactures cast - iron barbeque cookware. During a recent indstorm, it lost some of its cost accounting records. Ironwood has managed to econstruct

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onwood Company manufactures cast-iron barbeque cookware. During a recent indstorm, it lost some of its cost accounting records. Ironwood has managed to econstruct portions of its standard cost system database but is still missing a few ieces of information.
equired:
Ise the information in the table to determine the unknown amounts. You may assume lat Ironwood does not keep any raw materials on hand.
lote: Indicate the effect of each variance by selecting "F" for favorable, "U" for nfavorable, and "None" for no effect (i.e., zero variance).
\table[[,Direct Materials,,\table[[Direct],[1.10]]],[Standard amount per pan produced,,2.5,pound,],[Standard price,$,4.20,per pound,$,16.00],[Actual amount used per pan produced,,2.4,pound,,1.20],[Actual price,$,4.10,per pound,$,15.50],[Actual number of pans produced and sold,,2,500,pans,,2,500],[Direct materials price variance],[Jirect materials quantity variance],[Direct materials spending variance],[Direct labor rate variance],[Direct labor efficiency variance],[Direct labor spending variance,,,,,]]
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